Project Management: The Managerial Process (Mcgraw-hill Series Operations and Decision Sciences)
7th Edition
ISBN: 9781259666094
Author: Erik W. Larson, Clifford F. Gray
Publisher: McGraw-Hill Education
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Textbook Question
Chapter 5.1A, Problem 3E
What price would you ask for the project? Why?
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Explain Project Cost Elements?
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Chapter 5 Solutions
Project Management: The Managerial Process (Mcgraw-hill Series Operations and Decision Sciences)
Ch. 5.1A - How many labor hours should the eighth satellite...Ch. 5.1A - How many labor hours for the whole project of...Ch. 5.1A - What price would you ask for the project? Why?Ch. 5.1A - Midway through the project your design and...Ch. 5.1A - Near the end of the project, Deutsch Telefon AG...Ch. 5 - Why are accurate estimates critical to effective...Ch. 5 - Prob. 2RQCh. 5 - Prob. 3RQCh. 5 - What are the major types of costs? Which costs are...Ch. 5 - Why is it difficult to estimate mega project...
Ch. 5 - Define what a white elephant is in project...Ch. 5 - Calculate the direct cost of labor tor a project...Ch. 5 - Mrs. Tolstoy and her husband, Serge, are planning...Ch. 5 - Exercise Figure 5.1 is a project WBS with cost...Ch. 5 - Firewall Project XT. Using the complexity...Ch. 5 - At this point, what would you do if you were the...Ch. 5 - Prob. 5.1.2CCh. 5 - What estimating techniques should be used for a...Ch. 5 - Assume you are either Mike or Josh; how would you...Ch. 5 - Prob. 5.2.2CCh. 5 - After cost, what other factors should be...
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- If a project’s stand-alone, corporate, and market risk are known tobe highly correlated, would this make the task of evaluating theproject’s risk easier or harder? Explain.arrow_forwardExplain how project risk can have both a positive and a negative effect on a project objective.arrow_forwardFinancing a project could be done through credits either long term or short term. Explain the difference between the two modes of financing.arrow_forward
- Suppose you're a financial analyst at a company, and you are recommending whether the company should invest in Project A or Project B. Each of the two projects has been proposed by a lead engineer, but the company can only invest in creating one of them this year, and so your manager wants you to give her advice on which one to invest in. Your company's WACC is 9%. Project A Project 8 Year Cash Flow Year Cash Flow $3 ilio, ntialinvestment $2 milion proft $4 ilion pofit $A milion proft $2 milion proft $0, projet loseout $3 ilion, ntia ivestment $0 $0 $0 $0 $14 milion poit 1 1 2 2 3 3 4 4 5 5 Calculate the net present value (NPV) of and decide which one is better. S 유arrow_forwardWhat three types of project costs present the greatest risk to the project manager?arrow_forwardFAMAGUSTA, Inc. (a fictitious name) is a large, non-US-based multinational corporation (MNC) that has set up its new office in Manila. With the help of a few previous connections and more than a little good fortune, you land your first contract within a relatively short period of time. The job involves providing professional consultation and technical support on a joint ven- ture project with a local corporation. You will be working in the offices of the Philippine company, scoping and designing the project, managing the implementation phase, and working with their domestic personnel to get the job done. Your contract specifies an interim review after the design phase is International Business completed, but top management assures you that it is just a formality—they definitely want to work with you for the whole project. You review the facilities and résumés of both management and technical staff and every- thing looks fine. No problem, you tell yourself as you tackle…arrow_forward
- FAMAGUSTA, Inc. (a fictitious name) is a large, non-US-based multinational corporation (MNC) that has set up its new office in Manila. With the help of a few previous connections and more than a little good fortune, you land your first contract within a relatively short period of time. The job involves providing professional consultation and technical support on a joint ven- ture project with a local corporation. You will be working in the offices of the Philippine company, scoping and designing the project, managing the implementation phase, and working with their domestic personnel to get the job done. Your contract specifies an interim review after the design phase is International Business completed, but top management assures you that it is just a formality—they definitely want to work with you for the whole project. You review the facilities and résumés of both management and technical staff and every- thing looks fine. No problem, you tell yourself as you tackle the…arrow_forwardDeep Blue Seaways currently outsources all its IT works to a number of leading consultancies.Your firm, SFS, have just won a £3 million contract from DBS that will require you the Project Manager to execute. You are pretty certain from your experience with Deep Blue Seaways that this project is seriously underfunded by possibly as much as £1 million. You are to replace their outdated finance systems with your company’s renowned Finance Wizard product, a system that processes all financial information, and produces an infinite array of management information reports that have been proved to improve strategic decision making in existing user companies by significant margins. Deep Blue Seaways comprises of an Head Office and 4 divisions. From your previous dealings with this company you know that the Finance Heads of each Division are not renowned for their co-operative approach with each other. In addition, the project that you have won will result in major changes (in terms of work…arrow_forwardFAMAGUSTA, Inc. (a fictitious name) is a large, non-US-based multinational corporation (MNC) that has set up its new office in Manila. With the help of a few previous connections and more than a little good fortune, you land your first contract within a relatively short period of time. The job involves providing professional consultation and technical support on a joint ven- ture project with a local corporation. You will be working in the offices of the Philippine company, scoping and designing the project, managing the implementation phase, and working with their domestic personnel to get the job done. Your contract specifies an interim review after the design phase is International Business completed, but top management assures you that it is just a formality—they definitely want to work with you for the whole project. You review the facilities and résumés of both management and technical staff and every- thing looks fine. No problem, you tell yourself as you tackle the…arrow_forward
- Which are the methods used to account the risk for business when analysing viability of project investment? What is the contrast between them? How to compare them?arrow_forwardConsider a project to build a secondary school. Prepare a report that sets and discusses the main components of a CBA of this chosen project and write as if it is being prepared for a senior civil servant, who may be interested in undertaking a full Cost Benefit Analysis for the project. At this point, the senior civil servant wants to know what the scope of the appraisal of the project would contain, and how it would be undertaken, including the details of the valuation of eventual non-market items. The report should provide details of the techniques of cost-benefit analysis and should specifically describe and detail the items (costs and benefits) being considered in the analysis. Note: not required to conduct an actual CBA or do any calculations. Structure 1. The chosen project - should be appropriate study for a social cost-benefit study 2. Set out the Cost-Benefit Analysis method being used in general terms, including the choice of the discount rate. 3. Sketch out and list the…arrow_forwardHow project uncertainty is handled?arrow_forward
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